Moneyfacts Star Ratings for Self Invested Personal Pensions and Small Self Administered Schemes markets have been released.

The ratings are based on the data provider’s assessment of the performance and features of the SIPP and SSAS that are most relevant to those considering a pension or scheme.

The ratings will help consumers and companies select the scheme that best suits their needs, says Moneyfacts.

Richard Eagling, editor of Investment Life & Pensions, said: “When it comes to retirement planning, self-invested pensions such as SIPPs and SSAS have become the favoured choice among individuals looking for the most flexible pension products, but the enormous choice means that selecting the most appropriate provider can be difficult.

“The Moneyfacts SIPP & SSAS Star Ratings highlight the companies that offer the schemes with the most extensive range of features and competitive charges, helping consumers direct their focus when considering a scheme.

Mr Eagling added: “The Moneyfacts Annual SIPP & SSAS Star Ratings concentrate on the features of the products when going through the decision-making process, so that consumers get an extra seal of approval, should give them the added assurance that they have found a high-quality product for their retirement needs.”

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria.